GOCL Corporation trades jubilantly on BSE
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
GOCL Corporation is currently trading at Rs. 424.30, up by 46.50 points or 12.31% from its previous closing of Rs. 377.80 on the BSE.
The scrip opened at Rs. 453.35 and has touched a high and low of Rs. 453.35 and Rs. 407.95 respectively. So far 306245 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 640.00 on 27-Oct-2023 and a 52 week low of Rs. 284.80 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 453.35 and Rs. 373.05 respectively. The current market cap of the company is Rs. 2111.04 crore.
The promoters holding in the company stood at 73.83%, while Institutions and Non-Institutions held 3.06% and 23.10% respectively.
GOCL Corporation has inked an initial pact with Hyderabad-based Squarespace Builders to initiate the strategic monetization of approximately 264.50 acres of prime land located in Kukatpally for Rs 3,402 crore.
Additionally, the agreement includes the development of 32 acres of land under a Joint Development Agreement (JDA), in collaboration with Hinduja Estates, now known as Hinduja Healthcare (HHL). It has commenced the immediate sale of 12.50 acres of the 32 acres under the JDA.
As the first tranche, the company will receive a payment of Rs 520 crore, of which Rs 160 crore will be the consideration for the sale of 12.50 acres. The remaining funds will be disbursed to the company in phases through subsequent transactions in the future.
GOCL Corporation is engaged in manufacturing industrial explosives, mining products, lubricants, speciality oils and chemicals, active pharma ingredients (bulk drugs) and pharma formulations.
